MICROS Systems Earns “Neutral” Rating from Zacks (MCRS)
MICROS Systems (NASDAQ:MCRS)‘s stock had its “neutral” rating reissued by Zacks in a report released on Tuesday. They currently have a $71.00 price objective on the stock. Zacks‘s price target indicates a potential upside of 4.64% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Northcoast Research downgraded shares of MICROS Systems from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 24th. Separately, analysts at Wedbush downgraded shares of MICROS Systems from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. Finally, analysts at RBC Capital downgraded shares of MICROS Systems from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 24th. They now have a $68.00 price target on the stock, up previously from $63.00. Eight equities research analysts have rated the stock with a hold rating, MICROS Systems has a consensus rating of “Hold” and an average target price of $68.00.
Shares of MICROS Systems (NASDAQ:MCRS) traded up 0.01% on Tuesday, hitting $67.86. The stock had a trading volume of 344,269 shares. MICROS Systems has a 52-week low of $47.80 and a 52-week high of $70.24. The stock’s 50-day moving average is $67.77 and its 200-day moving average is $58.36. The company has a market cap of $5.085 billion and a P/E ratio of 28.63.
MICROS Systems (NASDAQ:MCRS) last announced its earnings results on Thursday, August 21st. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.13. The company had revenue of $396.15 million for the quarter. Analysts expect that MICROS Systems will post $2.80 EPS for the current fiscal year.
MICROS Systems, Inc (NASDAQ:MCRS) is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries.
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